July 8, 2009, Single Stock

RIL - RIL made a lower low and a lower high yesterday. We will stay short but move our stop loss down.
Trading Strategy: Stay short, move stop loss to 2052
Supports: 1834, 1600
Resistances: 2052, 2183, 2379

Infy - Infy broke our stop loss yesterday and we booked profits. We will now wait and watch before taking a position. Infy has broken its 20 day EMA. If it does not bounce back today, we could see a down move over the next few sessions.
Trading Strategy: Play for resistance/support breaks or bounces.
Supports: 1701, 1676
Resistances: 1844, 1911